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Updated almost 3 years ago on . Most recent reply
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Newbies don’t give up. It took 3 years, but I just closed on 16
… units.
1 10 unit apartment
1 4 plex
1 duplex
All in a bundled commercial loan.
I was scared to pull the trigger for years, so took baby steps and kept studying. I started with a syndicate and was ready to purchase a 4 plex at my husband’s urging. Instead this bundle presented itself, and we said yes. The deal was stressful with uncooperative sellers, but we closed.
Newbies, keep at it.
Most Popular Reply
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@Dave Carter
We took out a commercial loan. All three properties were in one big loan. I thought you could not get a commercial loan without a 2 year track record and was looking at duplexes and quads. My hubby ignored all traditional advice, and got two commercial loans approved. It was a tough process with uncooperative sellers, but it is done!